Bidness Etc - Tesla’s CEO Plans To Make It As Big As Apple in The Next 10 Years

In a recent press conference, CEO of Tesla Motors- Elon Musk declared that in the next 10 years, he sees his company growth to match that of Apple’s, which means that he is planning to increase his company’s market value by a 96% if compared to Apple’s current market value.
Even though the automobile business is a lot different than that of a phone manufacturing, CEO of Tesla does not feel that the difference in both the companies will come in the way of his plans of taking Tesla Motors to a level that currently Apple Inc. is at.
Apple Inc (NASDAQ:AAPL) is the first company in the US to have a market cap value of $700 billion, where on the other hand Tesla Motors current market value adds up to a rough estimation of $27 billion which is barely 4% of the market value that Apple Inc has.
After the disappointing Q4 results that Tesla Motors announced, CEO Elon Musk did not feel discouraged about his company’s financial situation. Instead, he did delay in declaring that the company will continue to grow from big to bigger irrespective of difficult times that might occur during the sales and revenue generation of the company.
Tesla also has the lowest revenue per worker generation in the whole auto mobile industry, making it four times lesser than Apple’s. Apple generates a lot of profit by the high rate of revenue per worker, making up to $35 million of profit. Tesla still needs to search an answer of how to generate as much profit as Apple in order to match up to Apple’s market value.
Musk even said in the press conference that the company is going to spend a huge amount of money in building up the infrastructure of the company in a better way and will definitely be expecting a good return on the investment as well.
The CEO of Tesla Motors (NASDAQ:TSLA) also added that in order to become as huge as Apple in the financial business, the company will have to make some massive capital expenditures to make its position in the market better than it is now.
About the sales in China, Elon Musk commented that the main reason why Tesla’s popularity in the country was affected was that the people have perceived the Tesla cars to be difficult in technology but Musk also promised that the company’s position in China will be improved by the end of the year.